FAC Explorer

Finding 4158 (2023-001)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2023-12-13
Audit: 6480
Organization: Our Lady of Wisdom Facility Corporation (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Financial statements were submitted late to HUD, missing the 90-day deadline.
  • Trend: This delay could indicate ongoing issues with compliance and timely reporting.
  • List: Follow up by reviewing the filing process, identifying bottlenecks, and ensuring future deadlines are met.

Finding Text

Financial statements were not filed with HUD by the 90 day deadline.

Corrective Action Plan

Management agrees with the finding. The financial statements were submitted to HUD on December 21, 2022.

Categories

HUD Housing Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.129 Mortgage Insurance_nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities $10.82M